Financial doubt over Dutch plans for offshore wind energy project

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Ambitious plans for a EUR 65 million offshore wind energy research project from a consortium of 30 parties look set to be drastically reduced. The group, We@Sea, had applied for EUR 31 million from a government program to develop the Dutch "information economy." The grouping of developers, manufacturers, energy and offshore companies, research institutes, investors and interest groups will stimulate the creation of an important new industry in the Netherlands, they say. But the funding awards committee says the consortium's financial contribution is inadequate and there are too few interest groups involved. As such it recommends the government pay only EUR 13 million. The committee ranked We@Sea third in its list of recommendations. The top position went to CATO, a carbon sequestration project. We@Sea is challenging the decision.

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